BG Group awards contracts for EPC of oil and gas FPSO hulls

BG Group and partners have awarded engineering, procurement and construction (EPC) contracts for eight hulls for the floating production, storage and offloading (FPSO) vessels that will be used in the full-field development of the discoveries on blocks BM-S-11 and BM-S-9 in the Santos Basin, offshore Brazil.

The EPC contracts have been awarded to the Brazilian company Engevix Engenharia. The total value of the eight contracts is approximately $3.5bn, with net costs to BG Group of approximately $911m (£565m).

Upon final completion each FPSO will have a production capacity of 150,000 barrels of oil per day and approximately 212m cubic feet of gas per day.